Continuing Iron Age's Century-Long Tradition

Regional Market Reports

Why did prices go up in one city and not in another? Did local steel production increase? What are scrap prices going to do next month? The answers are in these reports.   

 

Chicago solid sideways in December

By Bill Beck - December 12, 2018

 
After two straight months of sharp gains, Chicago settled at sideways across the board in December. Some in the market had hoped for a third straight month of gains, but when Detroit mills came out at sideways numbers early in the first week of the month, Chicago followed suit within days.
 

Hamilton market up again in December

By Bill Beck - December 12, 2018

For the third straight month, prices in Hamilton were up. But after increasing more than $30 Cdn in October and November, prices for prime grades were up $4 Cdn for prime grades and $5 Cdn for cut grades.
 

Pacific Northwest markets turn around after strong autumn

By Bill Beck - December 12, 2018

In December, export markets in the Pacific Northwest gave back $15 of the $20 they had gained in October and November, with some in the region predicting the markets could be off further before January. Domestic mills, which had booked $10 raises in both October and November, were off $10 for the year’s last month.
 

Southern California domestic and export markets both off

By Bill Beck - December 12, 2018

For the second straight month, Southern California and the West Coast were part of a two-tier national market. While markets across a broad swath of North America were sideways, markets in Southern California were off across the board. Weak export sales dropped prices $15 on the docks after dropping $10 last month. Prices at domestic mills were off $10 in December.
 

Detroit sideways across the board

By Bill Beck - December 12, 2018

Expectations in Detroit over the long Thanksgiving weekend were that the Motor City market might be up in December for the third month in a row. But as the December market approached, expectations throttled back slightly. On the first Tuesday in December, all of the major Detroit mills announced they would be willing to buy scrap for the month at November numbers, and the market quickly jumped into line.
 

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